AAL Plans To Move Forward With IMO Low Sulphur Regulation 2020
AAL clarifies its position and about the plans to move forward over the coming weeks and months in respect to the widespread discussion and reporting about the IMO 2020 ‘Sulphur Cap’ regulation, which will come into effect from January 1st, 2020. The plans are made to fully prepare themselves and their customers for this important and long-awaited milestone in our sector’s history.
The new regulation has a purpose of reducing sulfur oxide (SOx) levels produced across the entire shipping industry, resulting in more sustainable air quality conditions for those environments in which is operated every day, particularly in coastal and port communities. AAL has served the multipurpose heavy lift sector for 25 years and we welcome the positive global impact it will have on our environment and the health of current and future generations.
Over the past year, AAL has been researching on the options available and decided that migration to the use of low sulfur fuel with a sulfur content of 0.5% or less and fully compliant with the IMO legislation will best meet the interests of our customers, trades and industries we serve globally. This fuel comprises variants such as Low Sulphur Fuel Oil (LSFO), Ultra Low Sulphur Fuel Oil (ULSFO) and Low Sulphur Marine Gasoil (LS-MGO), all currently more expensive than standard marine fuel. In this respect, not only will the adoption of these fuels have profound implications for our planet, but also on the economics of our daily operations.
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In the multipurpose shipping sector, it is very well known that one size does not fit all. Therefore, they will be implementing various calculation methodologies to fairly share the increased cost of low sulfur fuel usage with the customers in consideration of the wide variety of cargo and trades that it handles and manages worldwide. From September 1, 2019 these measures will come into effect, as it will start the arduous task of preparing our fleet for low sulfur fuel and begin bunkering same with the intent of being fully compliant with the IMO regulation by year’s end.